-Hindustan Times A country’s unemployment rate can increase or decrease over time, and people can move from one form of employment to another. But headline numbers on unemployment rate and kind of employment do not tell us about the degree of churn in the Labour market. One of the most basic concepts in economics is stock versus flow. Stock is a variable measured at a point in time. An individual’s net worth...
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Study reveals 71% NREGA workers did not receive their wages on time -Basant Kumar Mohanty
-The Telegraph These Labourers have been working under the scheme between April and September this year but the Centre sent wages in September, and not within 15 days Ashok Munduri from Chhotalagia village in Jharkhand borrowed Rs 5,000 in July to rent a tractor to plough his land. He had to sell a pig to repay the amount a month later, for he hadn’t received his rural job scheme wages. A study’s findings,...
More »Farming became costlier between crop years 2012-13 and 2018-19, shows the latest available NSO data
One is almost certain to hear this from an economist that if something is available at free of cost or at a subsidised rate thanks to government intervention, then people tend to overuse or overconsume such goods/ commodities. So, the best solution is to create a market for such 'almost freely available' or 'highly subsidised' goods or commodities. Once people start paying to use or consume such goods/ commodities, they...
More »Suicides among farm workers rose 18% in 2020
-The Hindu However, suicides among landowning farmers dropped slightly during pandemic year The number of agricultural Labourers who died by suicide in 2020 was 18% higher than the previous year, according to the National Crime Records Bureau (NCRB) report released on Thursday. However, suicides among landowning farmers dropped slightly during the pandemic year. The farm sector was one of the few bright spots in the Indian economy last year, recording growth on the...
More »NREGA Tracker: Nearly 90 per cent of the allocated NREGA budget for 2021-22 has been used up, with 5 months of the programme still remaining
-GaonConnection.com The half-yearly MG-NREGA National tracker launched by PAEG today highlighted that 90 per cent of the allocated budget has been used up with 5 months of the programme still remaining and the remaining funds available can cover at most 13 days of employment per household till March 31, 2022. More details here. In her opening statement at the joint press conference conducted by Peoples’ Action for Employment Guarantee (PAEG) and LibTech...
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